Mubadala Development Company’s new top-tier maintenance, repair and overhaul (MRO) business is making its public debut here at Dubai air show.

The new company is Abu Dhabi Aircraft Technologies (ADAT), formerly Gulf Aircraft Maintenance Company (GAMCO). It is being transformed by Mubadala, the strategic investment and development company established and wholly owned by the Abu Dhabi Government.

The new company is targeting an $800 million revenue stream by 2012, and plans to invest more than $500m during the same period. “ADAT has been formed to expand the existing business and to convert the company into a total care provider,” says Waleed Al Mokarrab Al Muhairi, chief operating officer of Mubadala. “This will be achieved by increasing capabilities, enhancing the pool of expertise and entering new markets through partnerships, joint ventures and potential acquisitions.”

ADAT aims to become the foremost independent MRO provider in the Middle East and a major player in India and Europe.A combination of leading-edge technologies and a favourable cost structure, it will provide shorter turnaround times through total maintenance solutions and classic MRO services for commercial and military airframes, engines and components.

The announcement of Abu Dhabi Aircraft Technologies is a cornerstone for Mubadala’s aerospace strategy, and furthers the development of the aviation sector in Abu Dhabi, said Al Muhairi.

John Byers, chief executive of ADAT, said on the eve of Dubai air show: “Growth is being driven by rapid UAE and Middle East fleet expansions, with an addressable market of some $4.5 billion. Given this scenario our goal is to grow revenue from a current consolidated base of $300m to $800m by 2012 with $500m in investment, primarily in facilities. We will leverage Abu Dhabi’s premier geographic location at the heart of this growth to cater to regional, European and Asian customers.”

He adds: “Change has been driven by industry demand as trends shift towards increased outsourcing, focused not just on cost savings, but also on service and quality. We will achieve our aim by developing several key cornerstone clients, developing value-added, knowledge-based services and expanding engine and component capabilities.”

Investment will include a new state-of-the-art dedicated heavy maintenance hangar, which can accommodate three Boeing 777 aircraft. This will be followed by an identical hangar in the second phase of the expansion plans, taking the total number of widebody bays to thirteen.

Plans also include the construction of an A380-size, fully-automated paint hangar and of a fully-dedicated light maintenance facility at the new midfield terminal complex at Abu Dhabi International Airport, starting with a hangar capable of accommodating two A380s.

Additional line stations are also planned for the midfield terminal complex to achieve maximum on-time performance for departures out of the new Abu Dhabi International Airport. ADAT has also set up outstations to provide line maintenance services at other UAE airports, including Sharjah International, RAK International, Al Ain International as well as the Al Bateen and Al Minhad airbases to serve the UAE Air Force.

 “Abu Dhabi Aircraft Technologies will be a flagship operation of Mubadala’s aviation business”, says Al Muhairi, “and will bring significant benefits to the UAE capital. We expect ADAT to generate a superior return on investment, be an important addition to Mubadala’s and Abu Dhabi’s aerospace proposition, continue strong relationships with airline customers, create attractive and desirable employment opportunities, and further contribute to the economic diversification of the Emirate.”

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Source: Flight Daily News